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I'm looking for help on these two questions in order to use as reference for study in the near future. Thank you if you can help.

ACC2341 Review Assignment 2.pdf - Adobe Acrobat Reader 2017 X File Edit View Window Help Home Tools ACC2341 Review A... x Q 4 1 6 + 75% 9 0 Question 2: (8 marks) Suppose Hector Wilson (HW) buys $800,000 of Amexon bonds at a price of 106. Comment The Amexon bonds pay cash interest at the annual rate of 7% and mature at the end of 5 years. Journalize the following on HW's books: LA Fill & Sign a) Purchase of the bond investment on January 2, 2019. HW expects to hold + More Tools the investment to maturity b) Receipt of annual cash interest on December 31, 2019 c) Amortization of the bonds on December 31, 2019. Use the effective interest of 6.5% to amortize the investment d) Collection of the investment's face value at the maturity date on January 2, 2024. (Assume the receipt of 2023 interest and amortization of bonds for 2023 have already been recorded, so ignore these entries) Question 3: (8 marks) Perth Talent Search has an annual payroll of $150,000. At December 31, 2019 Perth owes salaries of $7,300 of which employee withholdings payable are $1,700, and employee benefits payable by the company are $1,500. The company has calculated its share of Canada Pension Plan, Employment Insurance, and other employee benefits to be 4% of payroll expense. The company will pay these amounts early next year. Show what Perth will report for the foregoing on its 2019 income statement and its balance sheet at December 31, 2019. (please Store and share files in the Document Cloud show your calculations to support the amounts reported) Learn More O WE A O X ENG 3:04 PM 2019-11-20